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1996, 327C.095 htlp://www.revisor.leg.state.mn.uslstO61327ClO95.html
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<br /> that other parties, including t-he municipality, involved in the
<br /> park closing provide additional compensation to residents to
<br /> mitigate the adverse financial impact of the park closing upon
<br /> the residents.
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<br />Sub{]. 5. Park conversions. If the planned <essat ion
<br />of operation is for the purpose: of c-onvertinq the pa~:t of the
<br />park occupied by the ~esi. dent to
<br />chapter 515A, the provisiens of section ............... 515A.4-1i0, except
<br />paragraph (a) , sha] ] apply. 'l'h~. nine-month not ich ~equired by
<br />this section shall state thnt the cessation is roi the t)u~pose
<br />of conversion and shall set fc)rt.h the rights confer ~.d by this
<br />subdivision and section 515A.4-]10, paragraph (b) . Not ].ess
<br />than 120 days before the en-d' o~- t~}{e nine months, ihc~ park owner
<br />shall serve upon the resident a form of purchase agreement
<br />setting forth the terms of sale contemplated by sect ion
<br />515A.4-110, p~ragraph (b). Se~vjc;e of that rolm shal] operate
<br />as the notice described by section ~15~..[~i1:!.~, paragraph (a) .
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<br /> Subd. 6. Intent to convert use of par]: at time of
<br />purchase. Before the execution of an agreement to purchase a
<br />manufactured home park, the purchaser must notify th~ park
<br />owner, in writing, if the p~chaser intends to close the
<br />manufactured home park or conve~ t it to anothe}: use wj~ bin o~e
<br />year of the ~:<ecution of the agreement.. The pa~k c,v:ner shall
<br />provide a. res'[dent of c, ac~L m.{~nufa(:turc'd h,)me wi I h ~ 45-day
<br />written notice of the purchase~ ':~ in[xnt ~o close tl~-: park o[
<br />convert it to another use. The notice must stat. e tidal the park
<br />owner wil~t ovide informatJ c,~ ~'~ the i~l~3.~:ice an~ t ]~e terms
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<br /> t~i{'Nfol_mat~on l'he notl[',~ m~'t-be sent: by ~'~,' ..... ~ss mail
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<br /> acquisi t:] on c ~' the [ al:k sba [ ] i,av ~ t he ri ght t ,, m,~( t i he cash
<br /> price and c>:(''ute an agieement t,:, ptlrchdsq, thQ t>~t ~. 1,,.~
<br /> pulposes c~[ h.~,ping the pal k a:; ~ manufactured
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<br /> cash [)y 1 <c ,~n(l t ne sdltle {_k~klE.~ d,~' ,..,lid] tl .,ns st [ ,, ~ ~1 tll
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<br /> p'6bVi'd6 '6bi~-~'[.-'f!na~ci!~g. Fo: pr,poses oi this sect-ion, cash
<br /> p[ice means the cash price offer or equJ. valent cash offer as
<br /> defined in section 500.24, ~;,~bdivision 6, pa[agrai~'
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<br /> Subd. 'l. Intent to convert use cf pa;k after purchase.
<br />I~ tile pu~ch,iser of a manilf,l(;tll~e(] home park d~cid'"s to
<br />convert the pa [k to another u:;e, vd thin oi:e year a [[ er the
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<br />purchase by the r. esidents oi ti],: paxk. ior purpos~:< of t:i~is
<br />subdivisien, [he date of pu>.':~h~:5,> is the date o[ t~,_, t ~:ansfer of
<br />the title to the purchase}. ?~e purchaser must L,}ovj0e a
<br />resident of each manufacturer ] t: ,me with 4 wuitt e~t l~ ,t Lee o1 the
<br />intent to close tl~e pa~k at~d a].[ of the owners ol ,~t least 5t
<br />percent of the manufactu~e~l hom~:~s tn the paEk o~ a ~onpiofit
<br />organizatio~t which has thc w~ ]t ten permi, ssion o] thc. ewners of
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